Author: Arabian Media staff
What Are Costco’s Top 4 Subsidiaries? Costco Wholesale Corp. (COST) often brags that it was the first company in history to grow from zero to $3 billion in sales in less than six years. That was a while ago. The company’s net sales totaled $249.6 billion for its fiscal year (FY) 2024. The company sells both branded and private-label products, including packaged foods, beverages, appliances, electronics, and health products. Its warehouses feature bakery, deli, and produce departments. As of year-end 2024, Costco operated 897 warehouses globally. The company recorded earnings per share (EPS) of $4.28 in its latest filing. The…
With the cost of living outpacing wage growth and the job market becoming more precarious, people in their twenties are finding it harder than ever to become financially independent. While it may be difficult to fly the nest, with a bit of careful planning and discipline, you can achieve financial freedom. What’s Holding Young Adults Back Financially? For many people, your mid to early 20s mark an important inflection point in adulthood. Many people in this age group have finished school, are trying to build a career, and are possibly living alone for the first time. However, many Gen Zers…
Image credit: AppleTrack/X Apple Inc. surged 12 per cent in August, its strongest monthly performance in over a year, following a robust earnings report that delivered double-digit growth across key segments. The tech giant posted its fastest revenue expansion since 2021, bolstered by a surprising 4 per cent rise in sales in Greater China, a region that has faced increasing scrutiny amid rising competition and regulatory pressure. The rally brought much-needed relief to shareholders after a challenging period marked by sluggish device demand and intensifying global competition. “Apple’s August rally is encouraging, but sustained growth will depend on consumer demand…
Khalid Salem, president for the Middle East & North Africa at Mitsubishi Power/Image: Supplied The Middle East is accelerating investment in artificial intelligence (AI), hyperscale data centres, and digital megaprojects, creating an unprecedented surge in electricity demand. Khalid Salem, president for the Middle East & North Africa at Mitsubishi Power, spoke with us about how utilities and governments are preparing to meet this growth, the role of gas and hydrogen in the transition, and what a zero-ready energy system could look like. Meeting exponential demand “Energy demand is growing everywhere – after all we’re now living through the electrification of…
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Image credit: WAM/Website The UAE’s real estate sector continues to demonstrate robust performance in 2025, driven by the resilience of both oil and non-oil sectors alongside a surge in foreign investment inflows. Growth has been recorded across residential, commercial, and industrial property segments, positioning the market for sustained momentum throughout the year. Latest reports from global real estate specialists confirm the sustainability of the UAE’s economic momentum in 2025, highlighted by the launch of major real estate projects, record-breaking sales figures, and rising occupancy and rental rates across multiple sectors, a WAM report said. Read more-Why Abu Dhabi is the…
Image: Supplied NIO, a global premium smart electric vehicles company, has opened its first NIO Hub in the UAE, located on Dubai’s Sheikh Zayed Road. The new facility brings together every essential user touchpoint under one roof — from product showcases and test drives to vehicle delivery, aftersales reception, and lifestyle engagement — positioning itself as a fully integrated ecosystem for new and existing customers. “NIO Hub | Dubai represents an important step in our regional journey. It is more than just a retail concept – it’s a complete ecosystem that reflects our vision of smart, user-centric mobility, offering customers…
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Luanda, Luanda Province, Angola/Image: Pexels Dubai Investments, a diversified investment company listed on the Dubai Financial Market (DFM), has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The partnership marks a shared vision to drive a new cycle of investment in modern urbanisation and sustainable development across the Angolan capital. The first phase will focus on the development of Cazanga Island within the Luanda Archipelago, creating new opportunities for urban, residential, and tourism-led projects. Khalid Bin Kalban, vice chairman and CEO of Dubai Investments, signed the agreement with…
Image credit: WHX Tech/Website The global healthtech sector is entering a period of accelerated growth, and investors are seeking the next wave of transformative opportunities. At the heart of this momentum is the Investor Programme at WHX Tech, set to take place from 8–10 September 2025 at the Dubai World Trade Centre. This exclusive platform has been designed specifically for angel investors, venture capitalists, family offices, LPs, and corporate investors to connect with pioneering digital health and medtech startups. With over 60 investors confirmed—collectively managing more than $2.6tr in assets under management (AUM)—the programme is shaping up to be one…